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Geely Auto Group (Geely Auto) officially announced the widely reported formation of Zeekr—a new electric mobility technology and solutions company based in China that will serve growing global demand for premium electric vehicles. The Chinese name of Zeeker has been confirmed as Ji Ke.
The COVID-19 has hit the Chinese EV sector hard; CRU, a provider of business intelligence on the global metals, mining and fertilizer industries, believes that weak sales will last at least until early Q2 2020. Nonetheless, it continues to forecast Chinese EV sales growth in 2020 over 2019’s total. for the whole Chineseauto industry.
The global auto market is very sensitive to macroeconomic conditions and will be hit hard by the coronavirus and any economic contraction that accompanies it, BNEF says. Chinese factories are restarting, so the pressure on supply of key components and equipment is likely to ease.
SK IE Technology (SKIET) signed an MOU with Sunwoda , the 9 th largest battery manufacturer in terms of global market share (according to SNE Research in 2022), to strengthen cooperation in supplying battery separators. SKIET plans to supply separators produced at its Changzhou factory in China to Sunwoda.
BDNT), the Chinese joint venture between Daimler and BYD, has selected ABB to supply DC fast chargers for BDNT’s battery-electric DENZA over the next six years. The GBT standard will give Chinese consumers the opportunity to conveniently charge their vehicles at home or at public charging stations. Source: UNECE.
Weaker-than-expected demand in China is partly responsible, but the main driver has been the ongoing avalanche of new supply into the market, as plentiful cheap spodumene meets ample conversional capacity in China, the CRU analysts said. Chinese EV sales through to July totalled 696,000 this year, an impressive 41.5%
During a recent interview with local media, a BYD executive stated that the Chinese car and battery maker would be supplying the American EV company with batteries. . Tesla is yet to confirm or deny whether it has inked a battery supply deal with BYD or not. “Tesla is a very successful company no matter what.
pic.twitter.com/5oqCeS2tY9 — Roland Pircher (@piloly) April 8, 2025 Tesla China does not report its weekly sales data, though a general idea of the companys performance in the overall Chinese automotive market can be inferred through new vehicle registrations. YTD is at +3% YoY. Think simply.
GAC R&D Center) introduced three co-developed electric concept cars at Auto Guangzhou 2018, featuring futuristic designs that address the diverse needs of China’s drivers. Car sharing and electrification are highly important developments in the world’s largest auto market. In 2017, BASF’s automotive driven sales totaled €11.4
Chinese lithium and cobalt sulfate prices fell this month as strict COVID-19 lockdowns in Shanghai and elsewhere limit demand in the world’s largest electric vehicle market. At the same time logistical difficulties caused by the lockdowns in Shanghai and elsewhere are disrupting supply chains for automakers and battery producers.
The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. The project agreement between CATL and the Free State of Thuringia was signed on Monday in the framework of the German-Chinese intergovernmental consultations in the Federal Chancellery in Berlin. GWh in 2017—making it Nº 1 globally.
Separately, the company will debut to the China market its 48-volt Micro Hybrid battery demonstration module ( earlier post ) at the 15 th Shanghai International Automobile Industry Exhibition (Auto Shanghai 2013). The company has now introduced the Micro Hybrid battery to the North American, European and Chinese markets.
At Auto Shanghai 2017, Dana Incorporated is showcasing select technologies from its Spicer Electrified portfolio of fully integrated motor, control, and e-drive technologies, as well as thermal-management products for electric and hybrid vehicles. Spicer SmartConnect disconnecting All-Wheel-Drive technology for SUVs, light vehicles.
On Monday, March 18, Nvidia announced plans to expand its partnerships with BYD and other Chinese automakers. The software company is collaborating with Chinese automakers, building self-driving vehicles with AI-augmented infotainment systems. The top Chinese automaker will use Nvidia’s Drive Thor chip in its next vehicles.
CITIC Securities sees both supply and demand improving for NIO, Li Auto, and XPeng, and the Chinese EV industry facing a high boom in the second half of the year. The post CITIC Securities bullish on NIO, Li Auto, XPeng in H2, citing improving supply and demand appeared first on CnEVPost.
Tesla Giga Shanghai posted record delivery numbers during an overall weak month for auto sales in China, revealing its strong hold in the local market. . Multiple publications claimed that rising competition with Chinese EV manufacturers may lead to Tesla Giga Shanghai’s presumed production cut in December. compared to 2021.
We also expect that cell manufacturers will supply directly to the OEMs.” By 2015, Chinese manufacturers will control about 8% of the world market. Battery manufacturers must best-position themselves on the Chinese market, too, if they want to secure long-term success. Smaller players, on the other hand, will disappear.
The Chinese EV battery manufacturer Contemporary Amperex Technology Ltd. The project agreement between CATL and the Free State of Thuringia was signed on Monday in the framework of the German-Chinese intergovernmental consultations in the Federal Chancellery in Berlin. GWh in 2017—making it Nº 1 globally.
Also, Executive Vice Mayor Wu Yimin signed an agreement with Better Place Founder and CEO Shai Agassi that calls for the Municipal Government of Guangzhou to assist Better Place and CSG in their efforts to create a supply chain hub and electric car network in China’s third largest city and home to CSG. —Shai Agassi.
Mitsubishi Chemical Holdings Group (MCHG) will increase the production capacity of natural graphite anode material from 2,000 tons/year to 12,000 tons/year at its Chinese subsidiary Qingdao Anode Kasei and affiliated company Qingdao Lingda Kasei. The production line is scheduled to start operation in the first half of fiscal 2023.
Tesla will appear at the first China International Supply Chain Expo later this month, set to be held in Beijing. The event has also garnered support from Chinese President Xi Jinping , whose recent visit to the U.S. The post Tesla to appear at China International Supply Chain Expo in Beijing appeared first on TESLARATI.
Lux Research developed a forecast using vehicle sales to project the global electric-vehicle supply equipment (EVSE) market. TWh of electricity, or 23% of all energy consumed by plug-ins, the largest by any individual country, translating into $155 million in revenue for Chinese utilities. billion in 2020, a CAGR of 30%.
Broadly, the investments announced focus on the development of production facilities, technology, EV batteries, new product and securing future raw material supply (primarily semiconductors and battery materials). Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Toyota announced US$70.4
Novelis is supplying aluminum solutions for the all-new Jaguar XFL , the first Jaguar model from Chery Jaguar Land Rover Automotive Co., The XFL launched in China on 29 August and features a body-in-white made of 75% aluminum, the highest aluminum content achieved by an automaker to date in the Chinese automotive marketplace.
In a departure from its usual approach of supplying high-capacity prismatic Li-ion cells for automotive applications, Samsung SDI will supply cylindrical 18650 format Li-ion batteries for JAC Motors’ new electric SUV iEV6S, unveiled at the 2015 Guangzhou International Auto Parts & Accessories Exhibition. JAC Motors iEV6S.
The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Circulor CEO Douglas Johnson-Poensgen said the company was currently talking to companies up and down the EV battery cell supply chain.
The AP’s piece: A look at the Associated Press ‘ piece on Tesla China’s aggressive legal strategy opens with the story of Zhang Yazhou, who held a protest at the 2021 Shanghai Auto Show alleging that her Model 3 experienced a brake failure. A Chinese court ordered Zhang to pay the $1.1-trillion Take the case of Ms.
Limited (CATL) aims to improve battery technology in Chinese vehicles and increase cell production in China. Recently, the Chinese battery supplier announced plans for its first plant in Beijing to supply Li Auto and Xiaomi’s electric vehicles (EVs). CATL will supply batteries to Li Auto and Xiaomi.
Plug-in electric vehicles will play a critical role for the global auto industry to cope with issues related to fuel supply and environmental sustainability. China, the largest auto production and consumption market, has explicitly made alternative energy vehicle development a state strategy. Earlier post.). Earlier post.).
Renault CEO Luca de Meo released a 19-page open letter to Europe describing an auto European plan to protect against the ‘onslaught of electric vehicles (EV)’ coming from China.” In 2023, around 35% of electric vehicles exported worldwide were Chinese. “As Last year, it signed a supply agreement with Chinese battery supplier CATL.
Stellantis recently repurchased €934 million in shares from Chineseauto company Dongfeng as per a pre-existing share repurchase framework. Stellantis and CATL sign LFP battery supply agreement Besides its relationship with Dongfeng, Stellantis has formed partnerships and invested in other Chinese companies.
The world’s largest EV market, China, continues gaining momentum as automakers – domestic and foreign – are racing to claim their share in the auto industry’s future. Nio , Xpeng , and Li Auto , three Chinese EV leaders, reported strong delivery numbers in 2022 despite ongoing supply chain disruptions.
Many market players look to Chinese lithium spot prices as a bellwether of market health and therefore the continued decline of lithium prices in China has put mounting pressure on the global lithium market, CRU says. Chinese EV sales through to July totalled 696,000 this year. Although this marks an impressive 41.5%
The Biden Administration announced a joint initiative with Monroe Capital LLC to launch a $1 billion fund to help small to medium-sized auto suppliers shift from gasoline-powered to electric vehicles. It is expected to help over 250,000 people across the United States who work for small to medium-sized auto suppliers.
Last month Gotion High-Tech agreed to supply a large listed and unnamed US automaker with 200 GWh of LFP batteries between 2023 and 2028 in an indication of the auto industry’s reliance on Chinese production. In addition, rising lithium carbonate prices are adding to the costs of LFP batteries.
China has been struggling a bit in recent months with COVID-19 lockdowns, then COVID-19 outbreaks, and of course with a variety of economic slowdowns and supply chain disruptions due to both of those. Pick your automaker and you can see signs of the struggles in lower than expected sales, price cuts, etc. Just don’t pick […].
In addition, the United States has an under-supply of affordable EVs and cheap batteries for electric vehicles. The current political climate between the United States and China discourages Chinese battery suppliers like CATL from distributing their oversupply of batteries to the US.
In its subsequent Q2 report , BorgWarner listed a number of e-Products wins, including: iDM for Chinese OEM. BorgWarner will supply a new integrated drive module (iDM) to a leading Chinese OEM. iDM220 for Li Auto. BorgWarner anticipates that production will start in the second quarter of 2024.
Geely Auto plans to build an assembly plant in Vietnam. The Chinese automaker plans to expand production in Vietnam through its investment. The Chinese automaker announced it is forming a joint venture with Vietnam’s Tasco Joint Stock Company. Geely Auto plans to build a plant capable of assembling 75,000 vehicles a year.
Daimler AG and Zhejiang Geely Holding Group , the German and Chinese automotive groups, have formed a 50-50 globally focused joint venture to own, operate and further develop smart, the pioneer of small urban vehicles, as a leader in premium-electrified vehicles.
GKN Driveline has presented an advanced technology concept for a fully integrated, compact eDrive system at the 2017 Auto Shanghai motor show. GKN forecasts that its Chinese joint venture—Shanghai GKN HUAYU Driveline Systems (SDS)—will produce more than 1 million eDrive units per year by 2025.
He cited the EU’s investigations into Chinese electric cars, solar panels and wind turbines as examples. He cited the EU’s investigations into Chinese electric cars , solar panels and wind turbines as examples. Earlier this week, Wang was in France where he met French Finance Minister Bruno Le Maire.
Nio (NIO) released its Q2 earnings Wednesday morning as the Chinese EV maker enters a critical stage of development. With competition rising and the autosupply chain still in shambles, Nio’s losses are widening as it introduces several new EVs to the market.
In a recent interview with Chinese publication The Paper , Tesla China VP Grace Tao revealed that the company’s vehicle production operations in the country are nearly 100% localized. Tesla) is also a ‘local enterprise’ that has established roots in China and is organically integrated with China, knowing the Chinese market.
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